April 21, 2011

Two Southern Indiana co-workers claim $221.7 million

Former welders are now multi-millionaires

Reardon and FoxINDIANAPOLIS –Two very lucky Indiana men have claimed a $221.7 million Powerball® jackpot.  Darin Fox of Clarksville, Ind. and Todd Reardon of Jeffersonville, Ind. were surrounded by  friends, family, lawyers and accountants as they presented their lucky Powerball ticket - a slip of paper worth nearly a quarter of a billion dollars - to Hoosier Lottery officials Thursday morning.

In exchange, Hoosier Lottery Executive Director Kathryn Densborn presented the men with their winnings at a press conference at Hoosier Lottery Headquarters in Indianapolis.

For the past eight years the two Southern Indiana men worked together as welders in the small Southern Indiana town of Clarksville located on the Ohio River just across from Louisville, Ky.

The men are now calling themselves “retired welders.”

The men became good friends as a result of working together and pool their money to purchase Hoosier Lotto tickets for every drawing.  Because the Powerball jackpot was so big they decided to play Powerball, too, on April 6.

“We put $2 on Hoosier Lotto and $2 on Powerball and the rest has been a whirlwind,” said Fox.

Darin Fox is not married.  Todd Reardon is married.  He and his wife Tiffany are parents to an 11-year-old son.  Tiffany wasted no time walking away from her job in record keeping at Humana Hospital.

They take turns purchasing the tickets and switch off when one of them hits a losing streak.  Fox purchased the pair’s winning ticket at Circle K located at 820 Eastern Blvd in Clarksville, Ind.   That ticket was the only ticket nationwide to match all six numbers in April 6 Powerball drawing worth $221,700,000. Fox and Reardon’s lucky numbers are:  10-18-41-55-56 PB: 15.

The retailer that sold the jackpot winning ticket will receive a $100,000 bonus (1% of the jackpot capped at $100,000).

The pair says they’ve always talked about what they would do if they won, but say that now that they have won they want to proceed slowly. Fox described winning as “overwhelming.”

“It’s been a whirlwind figuring all this out,” said Fox. “I’m used to living paycheck-to-paycheck.”

As for their winnings, in the near future Fox plans to buy a new Ford F250 truck and Tiffany Reardon has her eye on a new Black Ops Jeep Wrangler.  Todd Reardon just purchased a new Jeep a week prior to winning and is excited to be able to pay it off.

Eventually both men, who are avid hunters, would like to purchase land on which to hunt.  Fox also has plans to buy his parents a house and his mother a convertible.

“It’s been fun watching all this,” said Russell Fox, Darin’s father.  “It’s one of those dreams that you don’t really think is going to come true.”

Darin disagrees with his father slightly on the issue. “Everybody plays to win,” said Darin Fox.  “That’s why we buy tickets, right?”

The men had the option of receiving $221.7 million as a 30 year annuity or in a lump sum of $111.7 million (before taxes).  They opted to take the current cash value and each received $40 million ($40,002,146.87) after taxes.

The $221.7 million jackpot is the third largest ever won in Indiana.  The Hoosier Lottery has paid larger jackpots only twice - $295 million in 1998 and $314 million in 2007. Both were Powerball jackpots and both were sold at Speedway stations in Richmond, Ind.

The Clarksville win marks the 37th time a Hoosier Lottery retailer has sold a Powerball jackpot-winning ticket.  Indiana leads the nation in Powerball jackpot wins.  Powerball is now played in 44 jurisdictions.

The men defied odds of one in more than 195 million (1:195:249,054) to win the jackpot.

The Hoosier Lottery reminds players to always play responsibly, and to always sign the back of their tickets.  Hoosier Lottery players have 180 days to claim prizes on Hoosier Lottery draw games.

As with all Hoosier Lottery games, the net income generated from sale of Powerball in Indiana is turned over to the state. Last year, the Hoosier Lottery transferred $190 million to the state where it was allocated to teachers, police and firefighters retirement funds as well as the Build Indiana Fund which ultimately reduces Hoosiers’ license plate costs.

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For more information, please contact Megan Wright at mwright@hoosierlottery.com or 317-264-4805.

 

Photo: Hoosier Lottery Executive Director Kathryn Densborn with $221.7 million Powerball winners Todd Reardon and Darin Fox at Hoosier Lottery Headquarters.

 

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